International Paper Q4 revenue up over 53% year-on-year, plans to spin off EMEA packaging business
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Glonghui, January 29｜International Paper announced its fourth quarter results, with revenue increasing by 53.1% year-on-year to $6.01 billion, surpassing analysts' average expectation of $5.92 billion; however, it unexpectedly reported an adjusted loss per share of $0.08, which was worse than analysts' expected earnings per share of $0.27. In addition, the company plans to spin off its Europe, Middle East, and Africa (EMEA) Packaging Solutions business into an independent publicly listed company. The spin-off is expected to be completed within 12 to 15 months.
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